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Forums » EarthLink Backs Away From Helio » Ummm..
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Prepaid is becoming the new long-distance. »
« Earthlink suffering from a scattershot business plan  
jc100

join:2002-04-10

Ummm..

Reworking their venture. In political speak, we'll keep shelling out more money for your lost cause, just our name won't be the one everyone sees. In the mean time, we'll continue to lay off more employees so we can foot this bill. How's another 10,000 sound? Let's face it, SK Telecom probably wants to liquidate their claim too. I hardly see them jumping at the opportunity to buy a greater stake in a lost cause. Then again, this is the business world where dumb leaders make bad decisions every day.
Killthee

join:2002-09-09
Los Angeles, CA

Re: Ummm..

said by jc100 See Profile :

Reworking their venture. In political speak, we'll keep shelling out more money for your lost cause, just our name won't be the one everyone sees. In the mean time, we'll continue to lay off more employees so we can foot this bill. How's another 10,000 sound? Let's face it, SK Telecom probably wants to liquidate their claim too. I hardly see them jumping at the opportunity to buy a greater stake in a lost cause. Then again, this is the business world where dumb leaders make bad decisions every day.
Huh? SK Telecom is investing $270 million more into Helio. Furthermore, they're renegotiating their stake in Helio with Earthlink.

»www.engadget.com/2007/09/21/sk-t···o-helio/
jc100

join:2002-04-10

Re: Ummm..

Ok let me rephrase this, SK Telecom has bad leadership then. O well, idiots and morons are born every minute. Trying to save Helio is like trying to feed all the starving kids of the world. As good as your intentions might be, in the end you come out spending a lot of money, and more kids will still be left starving no matter what you do. Cruel but true. In this case, SK is throwing good money after bad, and it's going to solve nothing.
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« Earthlink suffering from a scattershot business plan  


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